Europe generated almost 18% of its electricity by wind and solar last year, while China, India and the US were all above the global average of 8%, according to a new report.
Read More »Global Wind and Solar Generation Smash New Record, Doubling since 2013
Global wind and solar generation have smashed a new record in 2019. That’s according to a new analysis by think tank Ember, which suggests wind and solar energy generated 8.2% of global electricity last year, more than double of the 3.4% renewable share of 2013. Findings of the report also …
Read More »New Deal Marks the Birth of Offshore Wind in Poland
The country doesn’t yet have any offshore wind farms but officials have set out a plan to make it the largest operator of offshore wind in the Baltic Sea by 2050.
Read More »Oil Prices Slide as Spike in U.S. Coronavirus Cases Casts Gloom over Fuel Demand Prospects
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 54 cents, or 1.3%, to $40.09 a barrel at 0703 GMT, well off an earlier …
Read More »Most Technologies Needed to Achieve Net-Zero aren’t yet Mature
Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found. EURACTIV media partner, edie.net, reports. The Agency’s clean energy innovation report warns that net-zero targets, which now cover half …
Read More »Second Covid Wave Could Push Oil Prices High
Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the coronavirus across the United States represents a major red flag, threatening another downturn. Experts had long warned that a second wave might be possible, but …
Read More »Germany Passes Coal-Exit Law to Phase Out Fossil Fuels by 2038
German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022.
Read More »Mercedes-Benz Buys 3% Stake of Chinese Battery Cell Manufacturer
The luxury car manufacturer will also support a new battery cell plant in Germany, which will be carbon-neutral from the start of its construction.
Read More »OPEC Cuts June Oil Exports by 1.84 Million bpd
OPEC cut oil exports in June by 1.84 million barrels per day (bpd) from May levels as it works to implement an output reduction agreement with Russia and other allies, according to estimates from Kpler, which tracks oil shipments. OPEC’s crude exports averaged 17.2 million bpd last month, Kpler said …
Read More »Australian Coal Mine Converted to Solar Farm will Help Taxpayers Save AUD$9m
The facility almost doubled the original revenue forecasts in its first six-month operation.
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